Authority: Supreme Court of India, Civil Original Jurisdiction
Order Date: 10-08-2026
Case Overview
- Petition: Arbitration Petition No.7 of 2026, Trusted Commodities (petitioner) vs MTALX Limited (respondent).
- Multiple interim applications were filed: IA No.44048/2026 (appropriate orders/directions), IA No.19832/2026 (exemption from filing C/C of the impugned judgment), IA No.19831/2026 (interim injunction), IA No.101733/2026 (permission to file additional documents/facts/annexures), IA No.22965/2026 (permission to file additional documents/facts/annexures), and IA No.181543/2026 (application seeking permission to withdraw the petition).
- The matter was heard on 10‑08‑2026 before a bench comprising CJI Surya Kant, Justice Joymalya Bagchi and Justice V. Mohana.
- Counsel for the petitioner included Mr. Abhishek K. Singh, Mr. Kushank Sindhu, Mr. Dawneesh Shaktivats, Mr. Abhinav Goyal, Mr. Dewansh Shukla, Ms. Vasavi Mahajan, Ms. Vedanshi Jalan, Mr. Mohd Yasin, Mr. Aman Sabir Saifi, Ms. Himanshi Mehta, Ms. Nikita Arora, Mr. Kaustubh Khera, among others.
- Counsel for the respondent included Mr. Shreyas Jayasimha, Mr. B. Shravanth Shanker, Mr. Abraham Fernandes, Ms. Prerna Robin, Ms. Jivika Jolly, Mr. I.v. Sai Nikhil, Mr. Shivam Kunal, Ms. Grahita Agarwal, Mr. B. Yeshwanth Raj.
- Both parties jointly informed the Court that the dispute had been amicably settled and requested that the arbitration petition be dismissed as withdrawn.
Final Outcome
- IA No.181543/2026 was allowed.
- The Arbitration Petition No.7/2026 was dismissed as withdrawn in accordance with the signed settlement agreement.
- The parties are directed to abide by the terms and conditions of the settlement.
Topics: Arbitration, Supreme Court Order